The SIFs now own 18.5% in Banca Transilvania, the largest lender in Romania and the most traded stock on the Bucharest Stock Exchange, while the seven Pillar 2 private pension funds, which are the largest investors in the Romanian stock market through their managers, own 17.9%.
Therefore, the above-mentioned Romanian institutional investors now have a dominant position among shareholders and as such they have a significant say in the general meetings of shareholders, which debate the policy to reward investors. These investors can directly influence the bank’s trend on the Bucharest Stock Exchange.
The largest institutional investor, however, remains the European Bank for Reconstruction and Development (EBRD), 8.6%, or an investment of about RON1.2 billion at the end 2019 prices.
Second largest individual shareholder of the bank is the private pension fund managed by NN Pensii, the largest in Romania, which manages the pension contributions of some 2 million people. NN Pensii owned 7% in Banca Transilvania at the end of 2019, according to the latest available data to ZF.
(English version by Loredana Fratila-Cristescu)